Pricing Update: River North Apartments
The River North apartment market is about to expand exponentially, with over 1800 units expected to deliver in the neighborhood this year. As the market prepares to compete with the hundreds of River North apartments currently under construction, a variety of luxury properties is offering incentives for renters. We’ve rounded up four of the best pricing values currently being offered in River North:
Luxury Living Chicago’s exclusive listings at Jones Chicago are currently the best-priced units available to rent. The convertible floor plan is available now for $1903. Just north of the Merchandise Mart, these luxury apartments feature an urban modernism theme that combines River North’s textural design with high-end finishes. Each River North apartment has 9.8 foot concrete ceilings, floor-to-ceiling windows, dark hardwood floors, and high-gloss cabinetry. The kitchens have sleek, cabinet-fronted appliances, quartz countertops, and backsplashes. Other available units include:
- #2106 – 2 bed 2 bath for $3690 available now
- #907 – 1 bed den for $2715 available now
- #1109 – 2 bed 1 bath for $3130 available Feb 1
Studios starting at $1603, one bedroom plus den starts at $2400, which is pretty impressive for the 986 square foot floor plan featuring an expansive open living dining room space with curved windows and panoramic views. In comparison, the one bedroom River North apartments currently range from $2,277 – $2594. The building is also offering signing bonus specials on vacant units. Although Kingsbury Plaza was built in 2007, the apartment finishes have been upgraded and the amenities were totally renovated last summer.
Be the first to live in a River North apartment at The Hensley, 707 N. Wells Street. The boutique building is currently offering two months free on a 14-month lease, one and a half months free on a 12-month lease, and short term leases on select units without a premium. The best-priced two bedroom overlooks Wells Street and is priced at $3379 before factoring in incentives. With a walk score of 99, these brand-new apartments feature private outdoor space, quartz countertops, stainless steel appliances, and NEST thermostats.
Just north of Chicago Avenue on Chestnut Street sits NEXT Apartments, a sleek, modern high rise that opened in September. Current lease-up price concessions include two months free on lease terms between 14-18 months. With open floor plans, high-end finishes, and extensive amenities, NEXT offers a comprehensive package in a very convenient location. Each luxury apartment offers floor-to-ceiling windows with stunning city views, plank flooring throughout, chef’s kitchens and many units have walk-in closets.
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